China’s HNA Agrees to Buy 24% of Azul to Expand in Latin America

Passengers board an Azul jet at Viracopos International Airport in Campinas, Brazil.

Photographer: Paulo Fridman/Bloomberg

Chinese conglomerate HNA Group Co. agreed to pay 1.7 billion reais ($455 million) for a stake in Azul Linhas Aereas Brasileiras SA.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.